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Reporting Various Contributions Hopeville Retreat is a private NFP organization that counsels former drug addicts in readjusting to productive community life. Contributions provide the major

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Reporting Various Contributions Hopeville Retreat is a private NFP organization that counsels former drug addicts in readjusting to productive community life. Contributions provide the major support for Hopeville Retreat. During 2020, the following contributions were received: 1. $4,000,000 in cash was received from the semiannual fund-raising campaign. 2. $5,000,000 in cash was received in a capital campaign for the purchase of new facilities. 3. A local store donated clothing valued at $7,000; cost to the store was $5,000. 4.A flat-screen television, valued at $1,000, was donated. 5. Medication with a fair value of $5,000 was donated by a pharmaceutical company. Cost to the pharmaceutical company was $3,000. 6. Legal services valued at $4,000 were donated by a local lawyer. 7. Volunteers distribute flyers in the community to create public a estimated fair value of $1,400. ess of the Retreat's services. Their time has an awa ren 8. A local radio station donates free radio announcements of the fund-raising campaign. The normal charge for such announcements is $750. Required For each item, indicate at what amount the contribution is reported on Hopeville Retreat's statement of activities, and how it affects net assets without donor restrictions and/or net assets with donor restrictions. Transaction Amount Affects on net assets 0 2 3 0 4 5 0 6 0 7 8 Check with donor r E13.2 Reporting Various Contributions Hopeville Retreat is a private NFP organization that counsels former drug addicts in readjusting to productive community life. Contributions provide the major support for Hopeville Retreat. During 2020, the following contributions were received: 1. $4,000,000 in cash was received from the semiannual fund-raising campaign. 2. $5,000,000 in cash was received in a capital campaign for the purchase of new facilities 3. A local store donated clothing valued at $7,000; cost to the store was $5,000. 4. A flat-screen television, valued at $1,000, was donated. 5. Medication with a fair value of $5,000 was donated by a pharmaceutical company.Cost to the phar. maceutical company was $3,000. 6. Legal services valued at $4,000 were donated by a local lawyer 7. Volunteers distribute flyers in the community to create public Their time has an estimated fair value of $1,400. 8. A local radio station donates free radio announcements of the fund-raising campaign. The normal charge for such announcements is $750 awareness of the Retreat's services Required For each item, indicate at what amount the contribution is reported on Hopeville Retreat's statement of activities, and how it affects net assets without donor restrictions and/or net assets with donor restrictions

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